The annual inflation rate in the US slowed for a fourth month to 7.7% in October of 2022, the lowest since January, and below market forecasts of 8%. It compares with 8.2% in September. Compared to the previous month, the CPI rose 0.4%, the same as in September and below expectations of a higher 0.6% rate. The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing. Still, figures continue to point to strong inflationary pressures and a broad price increase across the economy, mainly in the services sector while prices of goods have benefited from some improvements in supply chains. The US CPI was at 298.012 points in October, compared with 296.808 points in the prior month and market forecasts of 296.583 points. source: U.S. Bureau of Labor Statistics
Consumer Price Index CPI in the United States averaged 120.00 points from 1950 until 2022, reaching an all time high of 298.01 points in October of 2022 and a record low of 23.50 points in February of 1950. This page provides the latest reported value for - United States Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Price Index (CPI) - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Consumer Price Index CPI in the United States is expected to be 299.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Consumer Price Index (CPI) is projected to trend around 305.12 points in 2023 and 310.92 points in 2024, according to our econometric models.